Business Email Compromise (BEC) has become one of the most popular tactics deployed by fraudsters in recent years. A step up from the numerous but low-quality spam campaigns that clog most inboxes on a daily basis, BEC attacks involve a planned attack on a specific target, aided by the impersonation of a trusted contact. The most commonly seen tactic is to take on the guise of the CEO and use their authority to trick a financial department into transferring funds, while variations include impersonating suppliers and business partners, and going after sensitive data rather than direct payment. In its most… [Continue Reading]
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